Prospects of his return Donald Trump In the White House, one of the factors that has fueled the rally so far has been Wall Street. His plan for tax breaks, to stimulate growth and ease the regulatory framework, has been well received by the agricultural sector.
Indeed, following the failed assassination attempt against him, the indices rose to new historical levels, but this time the Republican presidential candidate succeeded in scaring investors.
In an interview with Bloomberg Businessweek, he said Taiwan should pay the United States for its defense. He also criticized the semi-autonomous island for taking “almost 100 percent” of work from U.S. manufacturing. Semiconductors (The chips known to us all).
Why is Taiwan important?
These statements cast a shadow over the United States’ commitment to defend it. Taiwan In the event of an attack by China, which considers the democratically administered island its territory. Why should this worry investors so much?
Because Taiwan is a major producer of semiconductors, which are found in everything from cell phones, home appliances and cars to high-tech defense equipment. Taiwan Chip Manufacturing Co. It is often called “the company that drives the global economy.”
Diving for Industry Leaders
TSMC shares fell in the wake of Trump’s comments. Dutch ASML, also a leader in the industry, fell nearly 11%, while Japan’s Tokyo Electron closed at -7.5%.
On Wall Street, Nvidia shares fell 6.5% this time, while Arm, AMD, Marvell, Qualcomm and Broadcom shares fell more than 5%.
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